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China retakes spot as biggest holder of U.S. debt

2015051916:16
Job search headhunt hk Well, that was short-lived. After just one month, China has nudged Japan out of the way, retaking the top spot as the world's biggest holder of U.S. debt. Treasury Department data released Friday showed that China owned $1.261 trillion worth of U.S. government securities at the end of March, compared to $1.2269 trillion for Japan. ...
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Janet Yellen is now taking a back seat to China

2015051816:55
Job search headhunt hk Traders have been panicking over the sudden rise in global bond yields triggered by the expected tapering of the Federal Reserve’s stimulus programs. But an unlikely savior may emerge to limit the damage: China. That’s the view of researchers at Oxford Economics, who think the world’s second-largest economy is starting ...
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MBA Jobs: Hong Kong Stock Leads Finance Hiring Surge In China

2015051516:44
Job search headhunt hk China’s frothy stock markets have boosted the job market in Hong Kong, with banks and other finance institutions ramping up recruitment of candidates who can bridge China with global capital markets. The Shanghai Composite stock market has more than doubled over the past year, pushing China to be rated as best performing stock mark...
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Citibank Hong Kong calls for media agency review

2015050615:26
job search headhunt hk Citibank has kick started a global review of its media agency relations, with Hong Kong to be part of the tender process. Citibank’s incumbent media agency in Hong Kong is MEC, a partnership that has spanned more than 10 years. A spokesperson from MEC confirmed to Marketing that the Hong Kong office has received a heads-up from Cit...
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Bank reports prompt jitters for the indexes

2015043015:42
Job search headhunt hk Both Hong Kong and mainland stocks at one stage fell yesterday as two major Chinese banks reported weaker first-quarter earnings. But both indexes recovered towards closing. The Hang Seng Index ended just 42 points lower at 28,400, while the Shanghai Composite Index closed flat at 4,476 points after touching an intra-day low of 4,398. Ba...
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Taiwan Applies to Join China-led AIIB

2015040217:57
Job search headhunt hk Taiwan has applied to join Beijing’s newly created Asian Infrastructure Investment Bank, in a test of how China’s political priorities will influence the new bank’s operations. China, which views Taiwan as a renegade province, has limited its membership in many regional and international groupings, including the World H...
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More Damage Expected For Hong Kong Stock Market

2015032717:58
Job search headhunt hk The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had climbed almost 570 points or 2.3 percent. The Hang Seng Index closed just below the 24,500-point plateau, and now the market is looking at continued consolidation ...
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Agricultural Bank Profit Unexpectedly Falls as Economy Cools

2015032518:01
Job search headhunt hk Agricultural Bank of China Ltd., the first of the nation’s biggest lenders to report fourth-quarter earnings, posted an unexpected decline in profit as net fee income fell and bad-loan provisions swelled. Profit was 27 billion yuan ($4.4 billion) in the three months ended Dec. 31, down from 28.3 billion yuan a year earlier, a Hong K...
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Goldman Sachs names Stephen Wong HK IB chairman

2015020215:37
job search headhunt hk Goldman Sachs has promoted Stephen Wong  to chairman of investment banking in Hong Kong, according to an internal memo seen by FinanceAsia on Wednesday, after the US investment bank landed a string of high-profile deals and further integrated its China teams. Wong was previously Goldman Sachs's head of coverage for Hong Kong inve...
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China Construction Bank next big SOE to embrace reform

2015010816:47
The second-largest lender on the mainland says it will look into mixed ownership under reform push that will lead to better governance. The mainland's biggest banks might have been the most diligent students last year. Or at least, that is the c...
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